Good news from around Europe
Bird raises $450M in debt, headcount cut from 1,000 peak to 120 Bird, the business communications platform once seen as a European rival to the US’s Twilio, has raised $450m in debt financing, as it underscored its repositioning as an AI business, a shift which has seen it drastically cut headcount
Anthropic and Nvidia back Basecamp Research in $140M Series C A UK life sciences startup using AI to develop new medicines faster to treat diseases has raised $140m in funding, in an investment round featuring AI powerhouses Nvidia and new investor Anthropic. Basecamp Research, founded in 2019, is a London-based
London traveltech Stasher secures £3M for global expansion London-founded traveltech company Stasher has secured £3 million in new funding to expand its global luggage storage marketplace and smart locker network. The funding comprises approximately £2 million in growth financing from growth lender Gilion and a £1 million strategic investment from
Connect Ventures announces first close of $80M Fund V to back Europe’s technical founders Connect Ventures has announced the first $55 million close of its $80 million fifth fund, which will invest in early-stage technology companies across Europe. The fund is anchored by British Business Bank, with participation from returning
DiffuseDrive is filling the data gaps holding back Physical AI Training AI to operate in the physical world requires enormous amounts of data, but many situations autonomous systems need to recognise are rare, dangerous, or hard to capture in the real world. Hungarian startup DiffuseDrive is tackling that data gap
Revolut unveils facial recognition payments in UK Powered by WPeMatico https://sifted.eu/articles/revolut-facial-recognition-face-payments-pay-with-smile/
Nscale helped ByteDance subsidiary access Nvidia chips, swerving US rules — reports Powered by WPeMatico https://sifted.eu/articles/nscale-nvidia-bytedance-tiktok/
Magic AI raises £8m to take its AI-powered fitness mirror to the US Powered by WPeMatico https://sifted.eu/articles/magic-ai-fitness-mirror-funding-round/
Anthropic and Nvidia back Basecamp Research in $140m round Powered by WPeMatico https://sifted.eu/articles/anthropic-nvidia-basecamp-research/
‘You cannot hide from AI’: Should we fear AI-led performance reviews? Powered by WPeMatico https://sifted.eu/articles/alan-chang-fuse-ai-reviews/